Trading Signals: CDNS Stock Price Prediction and Forecast

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Wed. Jul. 1, 2020

Trading Signals: CDNS Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Oct. 27, 2023)

(Cadence Design Systems Inc)
CDNS latest price $97.0700 (1.01%) ($95.2300 - $97.6800) on Wed. Jul. 1, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.59% (three month average)
RSI   75
Latest Price   $97.0700(1.01%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 1.1% a day on average for past five trading days.
Weekly Trend   CDNS advances 2.1% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
IWF(74%)    QQQ(74%)    IVW(73%)    FIVG(68%)    SKYY(68%)
Factors Impacting CDNS price   CDNS will decline at least -1.295% in a week (0% probabilities).
VIXM(-39%)    UUP(-22%)    VXX(-14%)    TBT(-10%)    IYT(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.295% (StdDev 2.59%)
Hourly BBV 1.6 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $94.74(2.46%)
10 Day Moving Average   $94.08(3.18%)
20 Day Moving Average   $92.81(4.59%)
To recent high   0%
To recent low   51.9%
Market Cap   $27.063b

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

$. CDNS price fluctuates within 2.1% (three month std-dev: 2.59%) daily (68% of days).

Sample size 46 Average positive next day return: 0.8%(39%) Average negative next day return: -1.15%(61%) Sample size 46 Average positive next three day return: 1.66%(61%) Average negative next three day return: -1.97%(39%) Sample size 46 Average positive next weekly return: 2.71%(46%) Average negative next weekly return: -2.9%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200801

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_1_2020	77.75	92.81	94.08	94.74	94.85	96.24	97.07(1.01%)	UT	OpenLong	75	1.2	59	110	55	72	2.34	65%	0.27	46.7	2.59%	1.6	2.2	75	0.6
2	Jun_30_2020	77.54	92.58	93.65	93.7	93.66	94.55	96.1(2.22%)	UT	OpenLong	75	1.4	36	70	32	48	1.94	71%	0.28	57.6	2.59%	1.6	2.1	55	0.3
3	Jun_29_2020	77.32	92.37	93.22	93.39	92.9	93.47	94.01(0.07%)	UT	OpenLong	75	0.4	14	30	8	32	1.75	71%	0.27	82.7	2.72%	1	1.1	53	-0.2
4	Jun_26_2020	77.11	92.25	92.91	93.47	93.22	92.78	93.94(1.45%)	UT	OpenLong	75	0.3	15	-40	10	30	3.82	67%	0.26	105.1	2.88%	1.4	1.2	54	-0.9
5	Jun_25_2020	76.91	92.12	92.49	93.07	93.28	92.33	92.6(0.8%)	N/A	N/A	0	-0.3	-17	-60	-25	7	3.2	67%	0.25	101.7	3.07%	-0.6	0.3	54	-0.3

6	Jun_24_2020	76.72	91.91	92.11	93.29	93.45	93.67	91.87(-2.84%)	N/A	N/A	0	-0.7	-8	20	-13	9	1.8	73%	0.24	81.4	3.11%	-1.8	-0	53	-0.7
7	Jun_23_2020	76.54	91.61	92.24	93.53	93.64	94.23	94.56(0.19%)	UT	OpenLong	75	0.4	22	50	21	25	2.08	73%	0.29	71.5	3.44%	0.9	1.1	53	-0
8	Jun_22_2020	76.32	91.15	92.01	93.01	93.26	93.24	94.38(2.67%)	UT	OpenLong	75	0.5	12	10	11	16	1.48	73%	0.29	71	3.44%	0.9	1.3	55	-0.2
9	Jun_19_2020	76.1	90.74	91.75	92.28	92.83	93.06	91.93(-1.92%)	UD	OpenLong	75	-0.1	6	40	5	7	3.05	73%	0.26	68.2	3.45%	-1.3	0.5	51	-0.8
10	Jun_18_2020	75.9	90.47	91.7	91.79	92.17	93.29	93.73(0.71%)	UT	OpenLong	75	0.7	21	100	25	9	1.78	66%	0.28	67.1	3.44%	0.5	1.2	57	-0.7

11	Jun_17_2020	75.69	90.18	91.43	90.73	91.21	92.61	93.07(1.25%)	UT	OpenLong	75	0.9	23	120	29	5	1.7	69%	0.25	70.1	3.59%	0.7	1.1	65	-0.9
12	Jun_16_2020	75.5	89.8	91.39	90.78	90.31	91.05	91.93(1.28%)	UT	OpenLong	75	0.4	14	40	14	12	1.71	60%	0.27	76.8	3.68%	0.9	0.8	70	-1
13	Jun_15_2020	75.3	89.39	91.41	90.91	90.62	89.81	90.76(1.43%)	UD	OpenLong	65	-0	2	-70	-3	17	1.83	60%	0.21	72.8	4.03%	0.6	0.4	69	-1.3
14	Jun_12_2020	75.14	88.99	91.51	91.18	91.27	89.58	89.48(1.2%)	N/A	N/A	0	-0.5	-17	-130	-28	18	1.89	59%	0.19	67.9	4.17%	-1.1	0.1	62	-1.4
15	Jun_11_2020	75	88.64	91.73	91.57	91.72	91.44	88.42(-5.22%)	N/A	N/A	0	-0.8	-10	-20	-23	30	2.06	59%	0.19	66.5	4.34%	-2.3	-0.1	61	-2.6

16	Jun_10_2020	74.86	88.31	91.77	92.14	92.13	92.96	93.29(0.77%)	UT	OpenLong	75	0.3	24	60	14	52	1.5	64%	0.25	65.9	4.28%	1.1	1.2	66	0.9
17	Jun_9_2020	74.67	87.71	91	92.07	91.7	92.01	92.58(0.49%)	UT	OpenLong	75	0.1	19	10	8	50	2.03	60%	0.26	66.4	4.31%	1.3	1.2	72	1
18	Jun_8_2020	74.48	87.22	90.29	92.01	91.74	91.31	92.13(0.78%)	UD	OpenLong	65	0	11	-40	-1	48	2.13	60%	0.26	74.1	4.43%	0.7	1.2	75	1.6
19	Jun_5_2020	74.29	86.73	89.7	92.01	91.86	91.4	91.42(0.17%)	UD	OpenLong	65	-0.1	6	-40	-9	51	2.28	56%	0.26	83.8	4.48%	-0.7	1.2	76	2
20	Jun_4_2020	74.1	86.23	89.18	91.92	91.94	92.18	91.27(-1.81%)	UD	OpenLong	75	-0.2	18	20	3	63	1.54	58%	0.27	85.3	4.51%	-1.5	1.3	76	1.6

21	Jun_3_2020	73.9	85.71	88.84	91.29	91.68	92.32	92.95(0.7%)	UT	HoldLong	65	0.4	37	60	23	77	1.72	57%	0.28	81.5	4.55%	1.3	1.8	83	1.7
22	Jun_2_2020	73.69	85.04	88.07	89.73	90.39	91.69	92.3(0.69%)	UT	HoldLong	65	0.7	38	120	26	72	1.85	58%	0.26	76.1	4.58%	0.9	1.9	82	1.3
23	Jun_1_2020	73.5	84.29	87.17	88.28	88.51	91.05	91.67(0.26%)	UT	OpenLong	75	0.9	43	210	36	65	2.12	58%	0.26	62.5	4.59%	1.3	2	72	1
24	May_29_2020	73.31	83.5	86.21	87.17	87.06	89.08	91.43(3.81%)	UT	OpenLong	75	1.2	50	160	46	60	2.67	58%	0.26	47.9	4.62%	1.3	2.2	72	1.3
25	May_28_2020	73.12	82.95	85.23	86.1	85.92	85.98	88.08(3.4%)	UT	OpenLong	75	0.6	19	-0	12	38	2.37	58%		48.5	4.64%	1.3	1.6	70	0.9
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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